Credit Union of Southern California

Overview / Commentary
8101 E Kaiser Blvd
Anaheim, CA 92808

Credit Union of Southern California is headquartered in Anaheim and is the 24th largest credit union in the state of California. It is also the 151st largest credit union in the nation. It was established in 1954 and as of December of 2023, it had grown to 373 employees and 154,726 members at 24 locations. Credit Union of Southern California's money market rates are 8X the national average, and it has a B+ health rating.

Field of Membership Restrictions

Membership in Credit Union of Southern California is open to those who live, work, worship, or attend school in the California counties of Los Angeles, Orange, Riverside, or San Bernardino. Family members of current Credit Union of Southern California members are also eligible to join.
See current membership details

Reviews (6)

Taking my father's advice

Posted by: |

I joined this credit union during my first year of college. I had just received my first job, and I had been banking with a major bank institution and wasn't too happy with it. I did not like the fact that my deposits were not immediately available. In addition, I didn't appreciate some of the fees they threw my way. That was when my father suggested I transfer my business to a credit union. He assured me that I would pay a lot less with the credit union, especially in regard to the fees. I took my father's advice in 1990 and I am still a happy customer to this date. When I wanted to purchase a brand new car, my father also suggested that I do it through my credit union. So it was really nice to be able to show up to a car dealership and say, "I already have a loan approved for this amount of money, can you show me cars that fit in the budget?" Of course, they wanted me to go with their financial people, so I showed them my paper with approved loan and interest rate and I asked, "Can any of your people beat this rate?" The salesman seemed very sheepish and said, "Well, no." I love my credit union and won't leave it.

At last

Posted by: |

I finally had had it with the big bank interest. I had a active Credit union account but it was several miles away and they were limited in ATM access. I hot footed it down to the local credit union and applied. I was received as if I was an old friend returning home. They review account options and to my surprise (but not really) their charges were minimal. I signed up for a savings account. I will in the very near future establish a checking account with these good people and get out of the big banks loop. I would advise everyone to open an with a credit union---and maybe this might be a signal to big corp. banks we are tire of being ripped off.

Money In The Bank

Posted by: |

Love this place, when I deposited some checks on my birthday, the lady gave me a lollipop.

A Rocky Start Then Improved

I saw that SoCAL CU opened a new branch in my area, and I was excited to finally have a CU that was actually local, especially since my existing CU had gone into bunker mode because of COVID and it was impossible to get my new ATM card set up.

The first hitch was their new account documentation policy on their web site was inaccurate and docs they said they would accept as proof of residency where not actually accepted (and Why is a W-2 with my name and address + my passport is not proof of residency?) on top of that I had a postcard they send me with name and address on it asking me to consider opening an acct.

Getting the account opened took days, getting it funded via ACH transfer was a hassle and I got hit with overdraft fees day one because my other bank does a test transfer for new transfer and deposits and withdraws a few cents.

SoCALCU put a hold on the 12 cent transfer and then when my other bank transferred it back, they hit me with an over draft fee, which I had to call and get removed.

Ok so account opened and funded time to start using them. Lets deposit some checks using the app (E-deposit). I had a $1500 disbursement from my investment acct, I start the app and says I have a $2,000 a day deposit limit, ok that is reasonable. Deposit made, all good.

Next month I go to deposit the disbursement and my daily e-deposit limit has been slashed to $900, WTF? That is less then most people get as a paycheck. Call them and ask why? They say because new account, I point out they where fine giving me a $2,000 limit when I opened the acct.

Was pretty close to telling then to close my account, but stuck with them.

Since then they have improved or at least not made any mistakes. Sent my wife over to open a saving acct and IRA around April 12th, and they had clearly gotten their act together as opening and funding the account went much smoother.

So overall some customer relation issues in 2020 that seem to have been worked out in 2021.

I have not used any other services, no loans, no credits, I am satisfied with their service as place to deposit money.

Credit Union of Southern California is Great!

Posted by: |

I've been with this bank for around four years, now. I have never paid any fees, as I have free checking and savings accounts, and haven't had any unexpected fees pop up. I did have to pay $10 in order to set up my account, but I believe I get that back, if I ever close them. When I go into my local branch, the people are always at least relatively nice and friendly, and the lines are never long. I've never had any incorrect transactions, unlike with other banks I've been with. My only complaint is that using their website isn't the best; it seems like they are down for maintenance twice a week, and the notices about when they are going to be down are up long after that time has passed. Other than that, I'm very happy with my bank, and hope to be with it as long as I need to.

Disrespectful & No Care For Customers

Stay away!! Worst credit Union ever!! Military/Veterans stay away!! Stick with Navy Federal! Disrespectful and no care for their customers!


Health Grade Components

NCUA #68456
Year Chartered1954
Primary Regulator
Profit Margin
Return on Assets - YTD0.96%
Return on Equity - YTD17.75%
Annual Interest Income$131MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$2.96B$2.58B
LoansQ4 2023vs Q4 2022$1.68B$1.54B
DepositsQ4 2023vs Q4 2022$2.33B$2.14B
Equity CapitalQ4 2023vs Q4 2022$159MM$105MM
Loan Loss AllowanceQ4 2023vs Q4 2022$28.9MM$12.2MM
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$11MM$5.5MM
Real Estate OwnedQ4 2023vs Q4 2022$0$0
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Always verify rates and promotions with the bank or credit union. We are not Credit Union of Southern California; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Credit Union of Southern California Savings Account Rates

0.45%$1-Deferred Compensation
0.30%$1-Holiday Saver
0.30%$1-Summer Saver
0.10%$500-Regular Savings
0.10%$500-IRA Savings
0.10%$1-Regular Savings - Minors
0.10%$1-Sub-Savings - Minor

Credit Union of Southern California Money Market Rates

3.50%*$150k*-Soar Money Market - New Money
OTHER TIERS: 0.90% $500 - $15k | 1.25% $15k - $50k | 1.70% $50k - $100k | 3.25% $100k - $150k
0.50%*$100k*-Money Market Account
OTHER TIERS: 0.30% $2.5k - $15k | 0.35% $15k - $50k | 0.45% $50k - $100k

Credit Union of Southern California Checking Account Rates

0.10%--Rewards Checking Account

Credit Union of Southern California CD Rates

3.45%$1k-12 Month CD
3.45%$250-12 Month Minor CD
3.40%$1k-60 Month CD
3.40%$250-60 Month Minor CD
3.35%$1k-18 Month CD
3.35%$250-18 Month Minor CD
3.25%$1k-24 Month CD
3.25%$250-24 Month Minor CD
3.10%$1k-36 Month CD
3.10%$250-36 Month Minor CD
3.10%$1k-48 Month CD
3.10%$250-48 Month Minor CD
3.00%$1k-6 Month CD
2.10%$1k-3 Month CD
0.10%$7.5k-1 Month CD

Credit Union of Southern California IRA Rates

3.45%$25-12 Month IRA
3.40%$25-60 Month IRA
3.35%$25-18 Month IRA
3.25%$25-24 Month IRA
3.10%$25-36 Month IRA
3.10%$25-48 Month IRA


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